CannabisNewsBreaks

TuesdayNov 05, 2019 1:11 pm

CannabisNewsBreaks – WeedMD Inc. (TSX.V: WMD) (OTCQX: WDDMF) (FSE: 4WE) Posts Corporate Update, Schedules Q3 Earnings Conference Call

WeedMD (TSX.V: WMD) (OTCQX: WDDMF) (FSE: 4WE), a federally licensed producer and distributor of medical-grade cannabis, this morning issued an operational update. Per the update, the company has successfully completed the harvest of its 27-acre crop of outdoor cannabis at its Strathroy facility. WeedMD intends to provide metrics, including total yield of the harvest, in conjunction with its upcoming earnings announcement. The company also detailed its entrance into commercial extraction operations at its Aylmer facility, where it has obtained a Health Canada license to produce and sell cannabis concentrates, edibles and topicals. Among other highlights, the press release also included…

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TuesdayNov 05, 2019 9:22 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Names New Senior Advisor

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a global innovator in drug-delivery platforms, this morning announced the appointment of Gregg Smith as a Senior Advisor for the company. Smith is the founder of Evolution VC Partners (www.EvolutionVCP.com), a New York-based “culture tech” venture investment firm with over 90 portfolio companies. Through his LLC, Smith is acquiring an equity position in LXRP by participating in the company's recently announced private placement financing of $0.45 units. “I am passionate about creating a smokeless future and recognize that the consumption methods of nicotine and cannabis will change. Lexaria's technology, DehydraTECH(TM), will completely disrupt and…

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MondayNov 04, 2019 2:31 pm

CannabisNewsBreaks – Millions of Cannabis Plants with $1B ‘Black Market’ Value Seized and Destroyed in California

A recent Fox News article by Stephen Sorace detailed an investigation into several hemp fields in California which uncovered 10 million illicit cannabis plants. According to the update, the plants, with a “black market” value of over $1 billion, were seized and destroyed by authorities. The Kern County Sheriff’s Office wrote on Facebook that on October 25, after obtaining a search warrant, investigators searched 11 different fields in the Arvin area, located about 100 miles north of Los Angeles. With assistance from the California Department of Fish and Wildlife (“CDFW”) and FBI, authorities swept through 459 acres of land where…

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MondayNov 04, 2019 2:31 pm

CannabisNewsBreaks – OrgHarvest, Inc. (OTC: ORGH) Receives SEC Approval to Extend Reg A+ Offering

OrgHarvest (OTC: ORGH), the first U.S. based cannabis cultivation company to achieve a Regulation A+ qualification, today announced approval from the Securities and Exchange Commission (“SEC”) for a 12-month extension on OrgHarvest’s Reg A+ Offering. According to the update, the company’s management indicated that the timing of this extension was nearly perfect, particularly as OrgHarvest has completed and filed with the SEC a GAAP Audit via Black Rock Consulting in anticipation of becoming a fully reporting company. OrgHarvest plans to upgrade its securities to the OTCQB at the end of 2019 via a PCOAB audit. “Things are all slowly falling…

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MondayNov 04, 2019 1:26 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Appoints Senior Vice President of Commercial, Strengthens Sales Strategy

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that Joel Toguri has joined the company as its senior vice president ("SVP") of Commercial. According to the update, Toguri’s responsibilities in this role will include establishment and oversight of the company's provincial and retail sales strategy across all brands. "Mr. Toguri's impressive career spans the cannabis, beverage alcohol and apparel industries. He brings over 20 years of regulated industry knowledge and pertinent cannabis distribution expertise to Supreme Cannabis.  It is a privilege to welcome a proven and skilled leader to our continuously improving team," Supreme Cannabis CEO Navdeep…

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MondayNov 04, 2019 12:56 pm

CannabisNewsBreaks – Neutra Corp. (NTRR) Announces Payment of Convertible Notes, Looks Forward to Strong Finish for 2019

Early-stage research and development company Neutra Corp. (OTC: NTRR) today announced its payment of two convertible notes in recent months, thereby reducing the company’s short-term debt by $373,940 and putting it in a strong position as the year comes to a close. According to the update, repayment of the notes continues a string of success for Neutra over the past 10 months, including several important completed acquisitions, as well as one now pending. “This is a sign of tremendous forward progress for our Company,” Neutra CEO Sydney Jim said in the news release. “Retiring these notes on time shows our…

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MondayNov 04, 2019 12:04 pm

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Completes BeneYOU, LLC Acquisition

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, today announced that is has closed the acquisition of BeneYOU, LLC's assets with an effective date of November 1, 2019. According to the update, BeneYOU's flagship brand Jamberry has a core competency in social selling with an extensive line of nail products, Avisae focuses on gut health and M.Global delivers hydration products. "We are proud to welcome the customers and distributors of Jamberry, Avisae and M.Global into our organization and we look forward to showcasing all of their exciting products to Youngevity distributors and customers…

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FridayNov 01, 2019 2:33 pm

CannabisNewsBreaks – VPR Brands LP (VPRB) CEO Commissions Presidential Candidate Study Regarding Cannabis Issues

Fort Lauderdale, Florida-based VPR Brands (OTCQB: VPRB), a multivertical, tiered, technology holding company, is keeping a close eye on the 2020 presidential race to see where the contenders stand on cannabis issues. An article discussing the company reads, “Kevin Frija, the CEO of VPRB, commissioned a report (http://cnw.fm/ov0Ig) to outline where the 2020 presidential hopefuls stand on this critical issue. Journalist William Freedman was sponsored by VPRB to investigate what the nearly 30 candidates have been saying and doing about cannabis’ future in America. The purpose of the report was to provide clear, factual data to voters interested in the cannabis…

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FridayNov 01, 2019 1:55 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Debuts Best-Selling Edibles in Nevada Cannabis Market

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis-branded products company in the United States, recently released its infused-gummies product line, which contains the two best-selling cannabis products in California, in Nevada (http://cnw.fm/Hp6zE). An article discussing the company reads, “With the top-selling gummies brand in California and 21% of the gummies market share there in Q2 according to BDS Analytics, Plus Products is ready to move on to its next key objective: growing its brand through new markets, new products and new consumers. The company is acting on this by moving into the Nevada market as well as launching into…

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FridayNov 01, 2019 11:06 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Proprietary Drug-Delivery System Featured in Peer-Reviewed Medical Journal

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a global innovator in drug-delivery platforms, recently announced that results of a 2018 clinical study evaluating the use of its proprietary drug-delivery system have been published in the peer-reviewed medical journal Advances in Therapy. (http://cnw.fm/s1Ue7). An article discussing the company reads, “In its report, Advances in Therapy also referenced a second study published recently by a separate group of researchers that evaluated a comparable CBD dose with bioabsorption findings representative of the cannabinoid-edibles industry sector in general. The results indicate that the rate of bioabsorption of the CBD from the competitive 100 mg formulation was…

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